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  • 14-01-2021 9:42pm
    #1
    Vision 2017
    Registered Users Posts: 8 ✭


    Has anyone notice in manage your tax 2021 that gross pay is a way higher than Pay for income tax?


Comments

  • #2
    Geuze
    Registered Users, Registered Users 2 Posts: 13,753 ✭✭✭✭Geuze


    Vision 2017 wrote: »
    Has anyone notice in manage your tax 2021 that gross pay is a way higher than Pay for income tax?



    This is always the case for people who make pension conts

    Gross = 50k
    Pension conts = 5k
    Taxable pay = 45k

    There could be other reasons also.


  • #3
    wally1990
    Registered Users, Registered Users 2 Posts: 1,226 ✭✭✭wally1990


    Vision 2017 wrote: »
    Has anyone notice in manage your tax 2021 that gross pay is a way higher than Pay for income tax?

    your pension reduces the gross pay so you're not taxed on your pension contribution,

    So gross pay value less total pension contribution equals pay for income tax


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